Designer Brands Inc
For the period ended May 4, 2024. Filed Jun 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 4, 2024 · Filed Jun 4, 2024
DBI$6.43-3.3%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Statements of Operations
| Three months ended | ||
|---|---|---|
| (unaudited and in thousands, except per share amounts) | May 4, 2024 | April 29, 2023 |
| Net sales | $746,596 | $742,082 |
| Cost of sales | (501,527) | (504,343) |
| Gross profit | 245,069 | 237,739 |
| Operating expenses | (238,551) | (220,119) |
| Income from equity investments | 2,864 | 2,331 |
| Impairment charges | — | (341) |
| Operating profit | 9,382 | 19,610 |
| Interest expense, net | (11,561) | (6,597) |
| Non-operating expenses, net | (143) | (334) |
| Income (loss) before income taxes | (2,322) | 12,679 |
| Income tax benefit (provision) | 3,207 | (1,306) |
| Net income | 885 | 11,373 |
| Net loss (income) attributable to redeemable noncontrolling interest | (102) | 42 |
| Net income attributable to Designer Brands Inc. | $783 | $11,415 |
| Earnings per share attributable to Designer Brands Inc.: | ||
| Basic earnings per share | $0.01 | $0.18 |
| Diluted earnings per share | $0.01 | $0.17 |
| Weighted average shares used in per share calculations: | ||
| Basic shares | 57,464 | 64,371 |
| Diluted shares | 59,470 | 67,042 |
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